Market Data
Market Cap₹4,697.68 Cr.
52W High₹535.25
Current Price₹308.5
52W Low₹303.45
Down from 52W High42.4 %
Face Value₹2
Performance
ROCE12.85 %
ROE13.2 %
EPS (TTM)₹4.49
EPS Prev Qtr₹4.06
EPS Last Year₹3.59
EBITDA Qtr₹94.97 Cr.
Book Value₹111
Financial Health
Debt/Equity0.84
Debt/Profit6.33
Total Assets₹3,625.11 Cr.
Dividend Yield2.07 %
Promoter Holding44.21 %
Earning Power9.34 %
Valuation
Stock P/E20.82
Industry P/E22.345
Price to Book2.78
Price to Sales1.96
Graham Number₹192.36
Key Metrics
Debt/Equity
0.93
Dividend/Share
₹2.75
Face Value
₹2
Interest Coverage
3.79
About Happiest Minds Technologies Ltd
Information Technology · IT - Software
Happiest Minds Technologies Ltd is listed on NSE in the Information Technology / IT - Software sector. Face value ₹2. Market cap ₹4,697.68 Cr.
Price Chart
Strengths & Weaknesses
Strengths
- The company has a healthy interest coverage ratio of 3.79, indicating manageable debt obligations.
- The company maintains a solid promoter holding of 44.21%, suggesting strong management control and alignment of interests.
- The company has a reasonable P/E ratio of 22.07, indicating it may be valued attractively relative to its earnings.
- The company has a positive return on equity (ROE) of 13.2%, showing effective use of shareholder equity to generate profits.
Weaknesses
- The company has a relatively high P/B ratio of 2.95, suggesting it may be overvalued compared to its book value.
- The company has a debt-to-equity ratio of 0.84, indicating a moderate level of financial leverage which could pose risks in downturns.
- The dividend yield is relatively low at 1.96%, which may not be attractive to income-focused investors.
Peer Comparison
| Name | CMP | P/E | Market Cap | Div Yield | NP Qtr | Qtr Profit Var% | Sales Qtr | Qtr Sales Var% | ROCE% | Debt/Eq |
|---|---|---|---|---|---|---|---|---|---|---|
| Tata Consultancy Services Ltd | - | 14.79 | ₹7,36,642.62 Cr | 5.4% | ₹50,055 Cr | - | ₹2,75,859 Cr | - | 63.18% | 0 |
| Infosys Ltd | - | 13.56 | ₹4,07,989.55 Cr | 4.77% | ₹30,325 Cr | - | ₹1,84,582 Cr | - | 44.92% | 0 |
| HCL Technologies Ltd | - | 19.03 | ₹3,32,423.97 Cr | 4.41% | ₹17,434 Cr | - | ₹1,34,374 Cr | - | 31.55% | 0 |
| Wipro Ltd | - | 12.44 | ₹1,55,485.73 Cr | 7.01% | ₹13,285.3 Cr | - | ₹94,968 Cr | - | 18.12% | 0.19 |
| Tech Mahindra Ltd | - | 26.24 | ₹1,49,008.01 Cr | 3.35% | ₹5,163 Cr | - | ₹59,176.1 Cr | - | 24.82% | 0 |
| LTM Ltd | - | 22.66 | ₹1,18,618.87 Cr | 1.33% | ₹5,196.7 Cr | - | ₹44,075 Cr | - | 30.48% | 0 |
| Oracle Financial Services Software Ltd | - | 26.52 | ₹90,555.02 Cr | 2.6% | ₹3,412.9 Cr | - | ₹8,945.1 Cr | - | 60.32% | 0 |
| Persistent Systems Ltd | - | 42.26 | ₹82,116.76 Cr | 0.77% | ₹1,923.22 Cr | - | ₹15,718.1 Cr | - | 32.71% | 0 |
| Coforge Ltd | - | 34.96 | ₹76,187.09 Cr | 0.23% | ₹1,920 Cr | - | ₹18,195.4 Cr | - | 25.61% | 0.04 |
| Mphasis Ltd | - | 21.83 | ₹41,764.95 Cr | 2.83% | ₹1,910.41 Cr | - | ₹16,531.21 Cr | - | 22.28% | 0.17 |
| L&T Technology Services Ltd | - | 24.8 | ₹32,753.98 Cr | 1.3% | ₹1,322.1 Cr | - | ₹11,564.7 Cr | - | 28.08% | 0 |
| Inventurus Knowledge Solutions Ltd | - | 39.01 | ₹30,549.46 Cr | - | ₹763.76 Cr | - | ₹3,347.32 Cr | - | 29.74% | 0.23 |
| Hexaware Technologies Ltd | - | 21.85 | ₹29,454.03 Cr | 2.39% | ₹1,343.3 Cr | - | ₹14,420 Cr | - | 29.37% | 0 |
| Tata Technologies Ltd | - | 50.13 | ₹27,926.21 Cr | 1.7% | ₹557.06 Cr | - | ₹5,925.91 Cr | - | 21.28% | 0.21 |
| Affle 3i Ltd | - | 44.15 | ₹21,148.32 Cr | - | ₹477.78 Cr | - | ₹2,835.73 Cr | - | 19.46% | 0.03 |
| Sagility Ltd | - | 20.19 | ₹20,036.09 Cr | 0.35% | ₹993.03 Cr | - | ₹7,617.39 Cr | - | 13.77% | 0.06 |
| Tata Elxsi Ltd | - | 96.15 | ₹19,623.58 Cr | 0.35% | ₹102.02 Cr | - | ₹849.41 Cr | - | 54.73% | 0 |
| Firstsource Solutions Ltd | - | 25.7 | ₹17,393.41 Cr | 2.2% | ₹671.01 Cr | - | ₹10,063.62 Cr | - | 16.54% | 0.44 |
| eClerx Services Ltd | - | 14.99 | ₹16,660.14 Cr | 0.06% | ₹729.16 Cr | - | ₹4,334.83 Cr | - | 41.1% | 0 |
| ESDS Software Solution Ltd | - | - | ₹15,931.71 Cr | - | - | - | - | - | - | 0.08 |
Quarterly Results
| Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|
| Sales | 573.57 | 587.56 | 604.08 | 628.51 |
| ↳ QoQ Growth | - | +2.4% | +2.8% | +4.0% |
| Expenses | 497.11 | 502.53 | 522.04 | 533.54 |
| Operating Profit | 76.46 | 85.03 | 82.04 | 94.97 |
| OPM % | 13.33% | 14.47% | 13.58% | 15.11% |
| Other Income | 21.61 | 15.72 | 17.61 | 23.69 |
| Interest | 25.41 | 24.52 | 22.61 | 28.46 |
| Depreciation | 22.19 | 22.07 | 21.56 | 22.63 |
| EBITDA | 98.65 | 107.1 | 103.6 | 117.6 |
| EBITDA Margin % | 17.2% | 18.23% | 17.15% | 18.71% |
| Profit Before Tax | 72.66 | 54.2 | 80.48 | 90.2 |
| Tax % | 25.65% | 25.65% | 23.99% | 25.06% |
| Net Profit | 54.02 | 40.3 | 61.17 | 67.6 |
| ↳ QoQ Growth | - | -25.4% | +51.8% | +10.5% |
| EPS | 3.59 | 2.68 | 4.06 | 4.49 |
Balance Sheet
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Equity Capital | 30.01 | 30.05 |
| Reserves | 1544.57 | 1659.44 |
| Borrowings | 1243.59 | 1412.66 |
| Other Liabilities | 540.89 | 522.96 |
| Total Liabilities | 3359.06 | 3625.11 |
| Fixed Assets | 210.54 | 1173.64 |
| CWIP | 0 | 0 |
| Investments | 350.39 | 503.52 |
| Other Assets | 2798.13 | 1947.95 |
| Total Assets | 3359.06 | 3625.11 |
Cash Flows
| Mar 2026 | |
|---|---|
| Cash from Operating Activity | 261.41 |
| Cash from Investing Activity | -121.29 |
| Cash from Financing Activity | -143.72 |
| Net Cash Flow | -3.6 |
Shareholding Pattern
| Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|
| Promoters % | 44.21% | 44.21% | 44.21% | 44.21% |
| FIIs % | 5.39% | 5.89% | 5.94% | 6% |
| DIIs % | 10.2% | 9.63% | 9% | 5.66% |
| Public % | 33.24% | 34% | 34.61% | 38.16% |
| No. of Shareholders | 6,64,262 | 6,50,749 | 6,42,274 | 6,40,983 |
Major Shareholders (>1%)
- Ashok SootaPromoter and Promoter Group32.34%
- Ashok Soota Medical Research LlpPromoter and Promoter Group11.79%
- Sbi Small Cap FundPublic Shareholding4.05%
As of 2026-06-30View all shareholders →